Woodside to Sell Pluto LNG to Chubu Electric

Woodside of Australia said that it has signed a sales and purchase agreement with Chubu Electric Power of Japan for the supply of up to approximately 1.5 million tonnes of LNG over a three year period commencing in April 2014.

LNG delivered to Chubu Electric under the SPA will primarily be sourced from previously uncommitted volumes from Woodside-operated Pluto LNG.

Woodside CEO, Peter Coleman said the agreement added to the company’s long-term relationships with major Japanese energy buyers.

The agreement demonstrates the importance of Pluto LNG volumes in meeting growing regional demand for natural gas and also Woodside’s increasingly diverse LNG purchasing, sales and shipping arrangements,” Coleman said.

LNG World News Staff, January 14, 2014; Image: Woodside

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